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Generative AI Market worth $1,658.97 billion by 2033 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., July 31, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Generative AI Market is projected to grow from USD 185.45 billion in 2026 and to reach USD 1,658.97 billion by 2033, at a Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period.

Browse 900 market data Tables and 70 Figures spread through 700 Pages and in-depth TOC on “Generative AI Market – Global Forecast to 2033”

Generative AI Market Size & Forecast:

Market Size Available for Years: 2021–20332025 Market Size: USD 119.51 billion2026 Market Size: USD 185.45 billion2033 Projected Market Size: USD 1,658.97 billionCAGR (2026–2033): 36.8%

Generative AI Market Trends & Insights:

Growth is being driven by the rapid integration of foundation models, multimodal AI, copilots, and autonomous agents into enterprise applications and workflows.By offering, the infrastructure segment is estimated to account for the largest share of 46.1% in 2026.By data modality, the text data modality segment is estimated to account for the largest share of 39.1% in 2026.By application, the content generation & management segment is poised to dominate the market in 2026.By vertical, the enterprise gen AI end users segment is slated for the fastest growth during the forecast period.Asia Pacific is poised to register the highest growth rate of 40.3% during the forecast period.

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Growth is being driven by the rapid commercialization of foundation models, enterprise copilots, multimodal systems, and agentic AI across software development, customer operations, research, analytics, content creation, and business-process automation. Organizations are moving beyond small-scale pilots and embedding generative AI into core workflows, creating demand for computing infrastructure, model-development platforms, customization, enterprise data integration, governance, cybersecurity, and managed services. Improvements in model reasoning, context handling, tool use, and inference efficiency are further expanding commercially viable use cases. However, high infrastructure costs, model reliability concerns, data-security risks, intellectual-property issues, regulatory uncertainty, and difficulty demonstrating returns on investment may slow adoption, particularly among smaller organizations and highly regulated industries.

Large-scale investment in accelerators and AI-optimized data centers will keep Gen AI infrastructure at the forefront of spending in 2026

By offering, the infrastructure segment is expected to account for the largest share of the Generative AI Market in 2026, supported by sustained spending on accelerator chips, high-bandwidth memory, storage systems, and high-speed networking required for model training and inference. The growing size and complexity of foundation models, multimodal workloads, and long-running AI agents are increasing demand for dense computing clusters, optimized server architectures, and low-latency interconnects. Hyperscale cloud providers, model developers, sovereign AI programs, and large enterprises are investing heavily in infrastructure to expand training capacity and support production-scale inference. Demand is also moving beyond GPUs toward integrated AI systems that combine accelerators, memory, networking, storage, and software optimization. As generative AI adoption expands across cloud, on-premises, and edge environments, hardware vendors are positioned to benefit from both new infrastructure deployments and the continuing replacement of general-purpose systems with AI-optimized architectures.

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Healthcare, pharmaceuticals & life sciences segment to grow fastest during the forecast period as generative AI moves deeper into research and clinical workflows

The healthcare, pharmaceuticals & life sciences segment is projected to record the highest CAGR among end-user segments during the forecast period. Generative AI is increasingly being applied to drug discovery, clinical-document summarization, medical knowledge retrieval, patient communication, regulatory documentation, trial design, scientific research, and administrative automation. Multimodal gen AI models are also creating opportunities to combine clinical text, medical images, laboratory information, genomic data, and research literature within integrated decision-support environments. Pharmaceutical companies are adopting generative AI to accelerate target identification, molecule design, evidence synthesis, and submission preparation, while healthcare providers are exploring its use in documentation, coding, care coordination, and patient engagement. Growth will be supported by demand for domain-specific models, secure deployment environments, explainability, data privacy, and human oversight. Although regulatory requirements and concerns regarding accuracy may moderate deployment, the high value of improved research productivity and reduced administrative burden is expected to sustain strong investment.

A dense concentration of hyperscalers, frontier-model developers, and enterprise technology buyers secures North America’s position as the largest regional market in 2026

North America is expected to account for the largest share of the Generative AI Market in 2026 because of its concentration of semiconductor companies, hyperscale cloud providers, foundation-model developers, enterprise software vendors, research institutions, startups, and large technology buyers. The region benefits from substantial data-center investment, mature cloud infrastructure, strong venture funding, and early enterprise adoption across BFSI, healthcare, defense, professional services, media and entertainment, and IT. US-based companies occupy leading positions across the generative AI value chain, including accelerators, cloud compute, models, development platforms, governance systems, applications, and consulting services. Enterprises in the region are also progressing from isolated tools toward integrated deployments connected with organizational data, business applications, and automated workflows. Continued investment in AI infrastructure, energy capacity, cybersecurity, and workforce development is expected to reinforce North America’s leadership as generative AI adoption scales.

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Top Companies in Generative AI Market:

The Top Companies in Generative AI Market are NVIDIA (US), Microsoft (US), Google (US), Amazon Web Services (US), IBM (US), OpenAI (US), Anthropic (US), Meta (US), Mistral AI (France), and Cohere (Canada), among others. These companies compete across hardware, foundation models, development platforms, governance and security systems, agentic AI platforms, applications, and services. The report also examines specialist and emerging vendors that are expanding innovation in model development, inference optimization, multimodal generation, enterprise agents, AI governance, and industry-specific applications.

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Market Reports:

Artificial Intelligence (AI) Market by Offering [Hardware (AI Chips, Memory, Storage), Software, Services], Technology (ML, NLP, Generative AI, Neurosymbolic AI), Business Function (Operations & Supply Chain, Sales & Marketing) – Global Forecast to 2033

AI Agents Market by Agent Role (Productivity & Personal Assistant, Sales, Marketing, Code Generation, Operations & Supply Chain), Offering (Vertical AI Agents, Horizontal AI Agents), Agent System (Single Agent, Multi Agent) – Global Forecast to 2030

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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AECOM Data Breach Investigation: Edelson Lechtzin LLP Probes Class Action Claims After Hackers Allege Theft of More Than 1 TB of Data

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National class action law firm offers free, confidential case evaluations to AECOM employees, clients, and others whose personal information may have been exposed in the reported AECOM data breach.

DALLAS, Sept. 20, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from a reported data breach at AECOM, the U.S.-based multinational infrastructure and engineering firm. Anyone who has received a data breach notice from AECOM, or who believes their personal information may have been exposed, can request a free case evaluation.

AECOM data breach — at a glance:

Company: AECOM, a Texas-based, multibillion-dollar multinational infrastructure consulting, engineering, design, and construction management firm.Reported: A cyberattack said to have occurred on or about September 17, 2026, first surfaced on dark web monitoring sites.Hackers’ claims: The group Metaencryptor claimed responsibility for an attack said to involve approximately 1.22 terabytes (TB) of data. Separately, dark web monitoring service Breachsense listed a related AECOM leak of roughly 670GB attributed to a group identified as BrainCipher.Status: The breach and the hackers’ claims remain unconfirmed. AECOM has not publicly detailed the scope or impact.Who may be affected: Current and former AECOM employees, clients, and others whose data AECOM held.Cost to you: Nothing. Case evaluations are free and confidential.

What Happened

According to a September 17, 2026 post on the dark web monitoring site Ransomware.live, the hacker group Metaencryptor claimed responsibility for a cyberattack on AECOM that allegedly affected about 1.22 TB of data. The cybersecurity blog HookPhish similarly reported that Metaencryptor was behind a suspected attack on the engineering firm.

Separately, the dark web monitoring service Breachsense reported an AECOM data leak listed at approximately 670GB, attributed to a group it identified as BrainCipher. Breachsense also indexed thousands of AECOM-linked credentials circulating online, including 27,434 @aecom.com accounts drawn from external breaches and 6,077 credentials tied to aecom.com itself — among them thousands of logins found in “combo lists” and in infostealer malware logs, many with plaintext passwords. Breachsense cautioned that those credentials may belong to either customers or staff and are not necessarily connected to the claimed attack.

The breach has not been confirmed, and important details (including its true scope, the specific data involved, and the number of people affected) are not yet publicly available.

What Personal Information May Be at Risk

The specific data involved in the reported AECOM data breach has not been confirmed. Data breaches like this can expose personal information, increasing the risk of identity theft and fraud. Affected individuals should treat any AECOM breach notification seriously.

Who May Be Affected by the AECOM Data Breach

The investigation focuses on current and former AECOM employees, clients, and anyone else whose personal information AECOM maintained. Anyone who has received a data breach notification from AECOM may face an increased risk of identity theft and fraud and is encouraged to come forward.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the reported AECOM breach. A successful case could recover compensation for losses such as lost time, out-of-pocket costs, and loss of privacy, and could push AECOM to strengthen how it protects personal information. The firm will evaluate your rights and potential claims at no cost.

Recommended Steps to Protect Yourself

Review your account statements and credit reports regularly and stay alert for suspicious activity.Confirm whether your information was involved in the AECOM incident.Preserve any letters or emails you received about the breach.Consider placing fraud alerts and enrolling in credit monitoring.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud.

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee a similar outcome. The reported data breach and the hackers’ claims described above are unconfirmed.

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SOURCE Edelson Lechtzin LLP

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iScreen Reaches No. 1 in Graphics & Design Across 94 Markets Following iOS 27 Update

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Extra-large widget experiences, iOS 27-inspired themes and new customization tools drive iScreen’s latest global growth

LOS ANGELES, Sept. 20, 2026 /PRNewswire/ — iScreen, a mobile customization app for iOS and Android, announced that it has reached No. 1 in the Graphics & Design category across 94 countries and regions following its latest iOS 27-focused update.

The update expands iScreen’s Home Screen customization experience with new extra-large widgets, iOS 27-inspired themes, layouts optimized for new screen proportions, and AI-assisted design tools.

Extra-Large Widgets

Built for the larger widget canvas available in iOS 27, iScreen’s new extra-large widgets go beyond simply scaling up existing formats. The collection includes Photo, Album, Music, Calendar, Interactive Refrigerator and Quick Launch widgets, among others. Users can also customize content, layouts and visual styles to create more functional and expressive Home Screen experiences.

iOS 27-Inspired Themes and iPhone Duo Theme Support

iScreen has introduced new iOS 27-inspired themes that combine coordinated wallpapers, transparent-style widgets, icons and other visual elements into complete Home Screen setups.

Selected themes have also been optimized for iPhone Duo’s screen proportions and display dimensions, with wallpapers, widgets and icons adjusted to better fit the new format while maintaining a cohesive visual experience.

AI-Assisted Home Screen Design

iScreen is also testing AI Home Screen Designer with a limited group of users. The feature generates coordinated design suggestions based on users’ preferences for style, color and visual elements, combining wallpapers, widgets and icons into a unified setup.

“The latest iOS update has opened up new possibilities for mobile personalization,” said the iScreen team. “We want to turn those capabilities into practical and creative experiences that make Home Screen design easier and more expressive.”

About iScreen

iScreen is a mobile customization app offering widgets, wallpapers, themes and Home Screen customization tools for iOS and Android devices. With more than 100 million users worldwide, iScreen has ranked No. 1 in Graphics & Design across 94 countries and regions and has been featured by Apple Editorial in 128 countries for five consecutive days.

Official Website: iScreen – Phone Style, iScreen it!
iOS Download: ‎‎iScreen – Widgets & Wallpaper App – App Store
Android Download: iScreen Google Play

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JACC: Clinical Electrophysiology Publishes 12-Month Outcomes from Field Medical’s First-in-Human Field PULSE Trial: 94.2% Per-Vein PVI Durability with Optimized Waveform

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Late-breaking HRX data advance Field Medical’s “instantaneous ablation” workflow and expand the clinical evidence for high-voltage focal PFA with the FieldForce™ PFA System

ATLANTA and CARLSBAD, Calif., Sept. 20, 2026 /PRNewswire/ — Field Medical, Inc., advancing high-voltage focal pulsed field ablation (PFA) for complex arrhythmias, today announced publication of 12-month results from the first-in-human Field PULSE trial in JACC: Clinical Electrophysiology. The findings were presented simultaneously as a Late-Breaking Clinical Trial at HRX Live 2026.

Field Medical developed the FieldForce™ PFA System around a high-voltage focal PFA architecture designed first for the ventricle, where depth, stability and control are among the most difficult challenges in ablation. Field PULSE extends that work into the atrium and evaluates a subsecond point-by-point workflow Field Medical terms “instantaneous ablation.” In this study, the approach was associated with procedural efficiency, durable pulmonary vein isolation (PVI) and flexibility beyond the pulmonary veins, without the need for prolonged catheter stability.

Key Findings:

Procedural efficiency with subsecond focal PFA: 13-minute median elapsed PVI ablation time, with a fastest time of 7.7 minutesDurable PVI with the optimized waveform: 94.2% per-vein durability reflecting progressive improvement with waveform evolutionFlexible focal ablation: 49% of patients received non-PV ablation for additional atrial targetsNo primary safety events were observed80% freedom from atrial arrhythmias at 12 months with the optimized waveform

“Field PULSE demonstrates the feasibility of truly instantaneous focal PFA,” said Vivek Reddy, M.D., co-principal investigator, lead author and electrophysiologist at Mount Sinai Health System. “Delivering the full application in less than 200 milliseconds reduces the need for prolonged catheter stability while preserving the flexibility of point-by-point ablation. The procedural efficiency, safety and pulmonary vein durability observed with the optimized waveform support continued clinical development of this approach.”

The publication builds on Field Medical’s peer-reviewed clinical work in ventricular tachycardia. Six-month outcomes from the company’s first-in-human VCAS trial were published in Circulation in 2025. Field PULSE now adds first-in-human, peer-reviewed atrial data evaluating the same high-voltage focal PFA architecture through a distinct focal workflow in a different cardiac substrate.

“We designed FieldForce to solve some of the hardest problems in focal cardiac ablation, beginning in the ventricle,” said Mark A. Turco, M.D., president and chief executive officer of Field Medical. “Field PULSE demonstrates that the same high-voltage focal PFA architecture can support an ‘instantaneous ablation’ workflow in the atrium. This growing body of evidence reinforces the range of the platform: depth and focal control in the ventricle, speed and precision in the atrium, and the versatility to address very different cardiac substrates through a familiar point-by-point approach. These results add important clinical evidence as we continue to advance our differentiated PFA platform.”

The study, “High-Voltage Focal PFA Catheter for ‘Instant’ Point-By-Point Ablation: The First-In-Human FIELD-PULSE Trial to Treat AF,” was published online in JACC: Clinical Electrophysiology concurrent with the HRX presentation. DOI: 10.1016/j.jacep.2026.09.001.

About Field Medical®, Inc.
Field Medical is a clinical-stage medical technology company committed to advancing pulsed field ablation (PFA) solutions for complex cardiac arrhythmias. The company was founded by Steven Mickelsen, M.D., CTO, a pioneer and global thought leader in PFA whose work has helped shape the evolution of the field. The FieldForce PFA System integrates a focal catheter design with proprietary FieldBending™ energy designed to safely deliver efficient, precise ablation with the goal of improving outcomes in ventricular and atrial arrhythmia treatment. In 2024, Field Medical earned Breakthrough Device Designation and gained entry into the FDA TAP Pilot Program for its ventricular tachycardia indication. In October 2025, the VCAS trial was published in Circulation.

For more information, visit fieldmedicalinc.com and follow us on LinkedIn and YouTube.

The FieldForce™ PFA System is an investigational device and is limited by federal (or United States) law to investigational use.

Media Contact
Holly Windler
619.929.1275
media@fieldmedicalinc.com

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